Category: Business

Vertiv to Acquire ThermoKey, Expanding Heat Rejection Portfolio for Converged Physical Infrastructure

Vertiv to Acquire ThermoKey, Expanding Heat Rejection Portfolio for Converged Physical Infrastructure

Transaction expected to increase customer optionality across the thermal chain to optimize power utilization and energy efficiency for AI-ready data centers Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced it has entered into an agreement to acquire ThermoKey S.p.A., a leading provider of heat rejection and heat-exchange technologies with long-standing relationships across original equipment manufacturers (OEMs) […]

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H2 2025 performance validates our strategy and sets the Austriacard Group on track to target growth in 2026 backed by innovation

H2 2025 performance validates our strategy and sets the Austriacard Group on track to target growth in 2026 backed by innovation

Digital Technologies, Document Lifecycle Management and Identity solutions spearhead a substantial H2 rebound, with adjusted EBITDA up 23% vs. H2 2024 ▪ Group Revenues of €360.2m (8% reduction vs. FY2024), adversely impacted by the normalization in the Turkish payment card market as well as by the unfavourable base effect from FY2024 of metal card sales to a Fintech client in Europe, […]

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2025 Brings record Net Profit for Connections (CC): RON 35.5 Million

2025 Brings record Net Profit for Connections (CC): RON 35.5 Million

Connections, a technology company listed on the Bucharest Stock Exchange (BVB), on the AeRO market, under the ticker symbol CC, closed 2025 with a record net profit of RON 35.5 million, up 301% compared to 2024. At the end of last year, turnover reached RON 152.5 million, up 44% year-on-year. Connections fully eliminated its long-term debt and substantially reduced its […]

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SD Worx Reports Double-Digit Growth and Strengthens Its European Position

SD Worx Reports Double-Digit Growth and Strengthens Its European Position

SD Worx, the European leader in HR and payroll solutions, with operations in Romania as well, closed 2025 with strong financial results. Consolidated revenue increased by 10.7% to €1.307 billion, while adjusted EBITDA reached €271.2 million (+16.5%). For the first time, consolidated net profit exceeded the €100 million threshold, reaching €101.4 million (+6.9%). This performance supports the company’s continued investments […]

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LIFE IS HARD is closing its Telecommunications division, which drove the decline in its financial performance in 2025

LIFE IS HARD is closing its Telecommunications division, which drove the decline in its financial performance in 2025

LIFE IS HARD (LIH), a tech company listed on the Bucharest Stock Exchange’s AeRO market, has begun an efficiency drive following unsatisfactory financial results in 2025. The company aims to eliminate economically unsustainable structures from its current operating model and will focus its activities on IT&C – which generated revenues of over RON 8 million in 2025 – as well […]

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Devhd Accelerated Its Growth in 2025

Devhd Accelerated Its Growth in 2025

Devhd closed 2025 with revenues of approximately RON 9.6 million (~ EUR 1.9 million), marking a 43% increase YoY, and an EBITDA of RON 3.7 million, representing a 200% growth compared to 2024. Notably, the EBITDA margin reached a solid 38.8% in 2025, illustrating healthy profitability above the industry average, driven by the company’s intelligent business scaling. These results were […]

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Schneider Electric to become the Official Energy Technology Partner of McLaren Racing

Schneider Electric to become the Official Energy Technology Partner of McLaren Racing

McLaren Racing and Schneider Electric, a global energy technology leader, today announced that Schneider Electric will become the Official Energy Technology Partner of McLaren Racing, including the McLaren Mastercard Formula 1 Team, the Arrow McLaren IndyCar Team, McLaren F1 Academy, as well as the McLaren United Autosports WEC Hypercar Team. Together, Schneider and McLaren Racing will develop and deploy energy […]

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Smartree closes 2025 with solid results and accelerates the development of an integrated digital HR ecosystem

Smartree closes 2025 with solid results and accelerates the development of an integrated digital HR ecosystem

Smartree strengthens its position in the Romanian payroll, personnel administration, and HR Tech market, reporting a 7% increase in turnover in 2025, exceeding RON 28 million. These results reaffirm the company’s status as a strategic partner for organizations managing complex human resources processes. This performance was driven by a growing share of SaaS revenues, which increased by 15% year-on-year, significantly […]

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bpv Grigorescu Ștefănică advises Motherson as local counsel on tlobal acquisition of Nexans autoelectric

bpv Grigorescu Ștefănică advises Motherson as local counsel on tlobal acquisition of Nexans autoelectric

bpv Grigorescu Ștefănică has advised leading global automotive systems supplier Motherson on the Romanian aspects of the transaction involving the acquisition of 100% of Nexans autoelectric’s global wiring harness business, for an enterprise value of €207 million on a cash-free and debt-free basis. The transaction, which encompasses operations across 22 facilities in 11 countries including Romania, is subject to customary […]

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SGS: Enhancing digital trust capabilities following Panacea Infosec acquisition

SGS: Enhancing digital trust capabilities following Panacea Infosec acquisition

SGS are reinforcing our dedication to digital trust and payment card security solutions following the acquisition of Panacea Infosec – a global leader in information security. Headquartered in India, Panacea Infosec brings over 90 highly skilled InfoSec and cybersecurity professionals who serve clients in India, the US, the Middle East and Africa. The company is renowned for expertise in payment […]

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ASF and OQEMA announce distribution partnership in selected Central and Eastern European countries

ASF and OQEMA announce distribution partnership in selected Central and Eastern European countries

BASF and OQEMA, one of Europe’s leading chemical distributors, have entered a new distribution partnership for polymer dispersions for construction and architectural coatings as well as additives for paints & coatings in selected Central and Eastern European countries: Albania, Bosnia & Herzegovina, Bulgaria, Cyprus, Croatia, Czech Republic, Greece, Hungary, Kosovo, North Macedonia, Romania, Serbia, Slovakia, Slovenia. The collaboration, effective from […]

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Vertiv Completes Acquisition of PurgeRite, Expanding Leadership in Liquid Cooling Services

Vertiv Completes Acquisition of PurgeRite, Expanding Leadership in Liquid Cooling Services

Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure, today announced the successful completion of its previously reported intent to acquire Purge Rite Intermediate LLC (“PurgeRite”), a leading provider of mechanical flushing, purging and filtration services for data centers and other mission-critical facilities. The approximately $1.0 billion acquisition enhances Vertiv’s thermal management services capabilities and strengthens its […]

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